Asset Management One Co. Ltd. raised its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 254,262 shares of the company's stock after acquiring an additional 16,473 shares during the period. Asset Management One Co. Ltd.'s holdings in Xcel Energy were worth $17,999,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Xcel Energy in the fourth quarter valued at about $27,000. Rothschild Investment LLC grew its stake in Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after acquiring an additional 151 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Xcel Energy in the fourth quarter valued at about $52,000. Creative Financial Designs Inc. ADV grew its stake in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after acquiring an additional 156 shares during the period. Finally, Heritage Wealth Advisors grew its stake in Xcel Energy by 160.0% in the fourth quarter. Heritage Wealth Advisors now owns 1,040 shares of the company's stock valued at $70,000 after acquiring an additional 640 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.
Xcel Energy Stock Down 1.3%
XEL stock opened at $67.32 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The business has a 50 day moving average price of $69.40 and a two-hundred day moving average price of $68.60. The company has a market cap of $38.83 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 2.38 and a beta of 0.37. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. Xcel Energy's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.
Xcel Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.39%. Xcel Energy's dividend payout ratio is 67.06%.
Analyst Ratings Changes
Several research firms have recently weighed in on XEL. Barclays upped their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. BMO Capital Markets upped their price objective on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. UBS Group upped their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $75.80.
Get Our Latest Stock Analysis on Xcel Energy
Xcel Energy Company Profile
(
Free Report)
Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.
Further Reading
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